Standard Deduction on 401(k) early withdrawal

[RB01]

Will standard deduction (12,200 $ Single for 2019) apply to a 401(k) withdrawal? For example, if I withdraw 50,000$, will my taxable income be 37,800$ (50000-12200 = 37800$), and thus put me in the 12% tax bracket (again Single) instead of 22% (the withdrawal amount of 50000$ falls in the 22% bracket). Thanks!

[DoninGA]

The Standard Deduction is based on your Filing Status only.

Standard deductions for 2019

• Single - $12,200 add $1,650 if age 65 or older
• Married Filing Separately - $12,200 add $1,300 if age 65 or older
• Married Filing Jointly - $24,400 add $1,300 for each spouse age 65 or older
• Head of Household - $18,350 add $1,650 if age 65 or older

[Critter]

The tax rate is based on your TAXABLE income not the gross ... so your assumption is correct. 

[RB01]

Thank you Critter and DoninGA for your responses.

[Hal_Al]

The standard deduction applies to all (total) income, not just wages.  

Your calculations, putting you in the 12% bracket, assume you have no other income, except the $50K 401k withdrawal.